Question: Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 71 days, an average collection period of 44 days, and a payables

Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 71 days, an average collection period of 44 days, and a payables deferral period of 33 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.

a.What is the length of the firm's cash conversion cycle? days

b.If Negus's annual sales are $3,920,325 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar. $

c.How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.

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